MOSCOW, Dec 16 (Reuters) - Rosneft Chief ExecutiveIgor Sechin has told President Vladimir Putin that proceeds fromthe sale of a 19.5 percent in Rosneft have been transferred tothe budget, the TASS news agency quoted Kremlin spokesman DmitryPeskov as saying. (Reporting by Maria Kiselyova; Editing by Andrew Osborn)
BP in $1.75bn buyback as Q1 profits fall on weaker prices, margins
(Sharecast News) - BP reported a worse-than-expected fall in first-quarter profit on the back of lower oil and gas prices, an outage at a US refinery and "significantly weaker" fuels margins as it also started a $1.75bn share buyback.
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